Before we get into projections and prognostications about the future, let’s take a minute to review 2012. For many in the gear industry, the year was better than expected. Some manufacturers
had a very successful year leading up to an even more successful manufacturing trade show (IMTS 2012). Others were searching for more business, hoping that the general
state of the economy wouldn’t make things worse. In some cases, it did.
It wasn’t so very long ago that a high school-educated, able-bodied person with a will to work typically had little trouble finding a decent job in manufacturing. Whether at an area job
shop, an OEM plant or auto plant—work was to be had. Work that paid well
enough to marry, buy a home, feed, raise
and educate a family—with even enough
left over for a modest retirement pension.
The past several months have been filled
with uncertainty. Everyone wanted to wait and see who would be our next president and how the political landscape might change. Now the elections are over, and the polls are all closed, so we should all be getting back to business, right? Publisher Michael Goldstein shares insight from our state-of-the-gear-industry survey.
Publisher Michael Goldstein is confident that the manufacturing economy will continue to grow throughout next year, no matter who wins the 2012 presidential election.
Over the past several months, many gear manufacturers and industry suppliers have been telling me how busy they
are. Their backlogs are the largest in history, their sales the highest they’ve been in many years. They’ve invested in new capabilities, new machinery and people.
A review of "A Nation on Borrowed Time," a book by Joe Arvin and Scott Newton about the decline of America's ability to create wealth through manufacturing, and its effect on the overall economy.